Quick Summary
The income tax department on Wednesday conducted searches at the offices and residences of top management of Dolo-650 manufacturer Micro Labs for alleged tax evasion, sources said.
The simultaneous search and survey operations were underway at several locations in the country including the residence of Micro Labs chairman and managing director Dilip Surana.
Among others, Bangalore-based Micro Labs produces Dolo-650 - a pill that manages fever. The company recorded a whopping sale of 350 crore Dolo tablets after Covid-19 broke out in early 2020 till January 2022. Dolo-650 was one of the most prescribed pills to manage Covid-induced fever and virtually became a household name across the country.
FAQ :
Micro Labs is being investigated by the income tax department for alleged tax evasion.
Micro Labs is known for manufacturing Dolo-650, a tablet used to manage fever.
Dolo-650 sales saw a significant increase after the COVID-19 outbreak in early 2020 until January 2022.
The searches were conducted at several locations across the country, including the offices and residences of top management, such as the chairman and managing director.
Yes, Dolo-650 virtually became a household name across the country due to its widespread prescription for managing COVID-induced fever.
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